Powdr Corp to buy Copper Mountain
November 17, 2009
Vancouver-based Intrawest announced today that it was selling Copper Mountain Resort in Colorado to Park City-based Powdr Corp, owner of the Park City Mountain Resort (PCMR).
According to a press release, the deal won’t close until December, but the resort has been open since Nov. 6. Lauren Pelletreau, resort spokesperson, said it’s "business as usual" at Copper, which means the resort still plans to host its full calendar of events, which includes the U.S. Snowboarding Grand Prix in December and USA Snowboard Association Nationals in April. The resort has about 1,500 employees at the height of winter.
The release also promised that Powdr Corp will honor all of the "multi-mountain season pass products, vacation reservations and joint marketing initiatives" including "the Rocky Mountain Super Pass suite of products that provide skiers and riders with access to Copper Mountain, Steamboat Resort and Winter Park Resort." Very little will change in how tickets, reservations or passes are obtained.
In addition to PCMR, Powdr Corp owns the Gorgoza Sledding Park near Timberline, Pico Mountain and Killington Resort in Vermont, Mt. Bachelor near Bend, Ore., Boreal Resort and Soda Springs in California and Las Vegas Ski and Snowboard.
Intrawest owns nine resorts in North America including Whistler Blackcomb, a host of the 2010 Olympics. It also continues to own a handful of resorts in Colorado, explained company spokesperson Ian Galbraith. The press release also stipulates, "the agreement is subject to regulatory approvals including the issuance of a U.S. Forest Service special-use permit to Powdr Corp."